It can be confusing to have suffered injuries in a car accident. Understandably, many people are not sure what they should do or what happens next. Our best advice is to reach out to a Riverside personal injury attorney so that we can help you through this process. Contact The Law Offices of Larry H. Parker at 800-333-0000 for a free legal consultation.
After I file a claim with my insurance carrier, what happens next?
Your insurance provider will contact you for further details about the loss and may want a written or recorded statement. An oath examination is occasionally requested. Other drivers and witnesses may be approached as part of the inquiry. You must submit proof of your loss if you have medical payments or an uninsured motorist claim (injuries, medical expenses, lost wages, etc.).
Remember that you should talk to an attorney before allowing a recorded or signed statement.
What should I do if the insurance company fails to reach out to me?
After you report the loss, a claim agent should contact you within a reasonable amount of time. However, the insurance provider may take up to 15 days to contact you in some instances. If you haven't heard from anybody, contact your agent or insurance provider. Contact the Department of Insurance if they are not responsive or if you feel there is an undue delay in resolving your claim.
How does an insurance company determine the extent of car damage?
The car damage is normally inspected by a skilled adjuster or appraiser. Based on the first examination, the adjuster or assessor next creates an estimate. If more damage is discovered during the repair, the shop will contact the insurance for approval of the additional repair costs.
Keep in mind that the insurance company may dispatch an adjuster to assess the new damages. If the damage is modest, the company may request that you provide comparative repair estimates instead. Remember that if you're pleased with the final quote and repair facility, you must sign and allow the shop to repair your car.
Under a normal vehicle policy, how much will the company pay for physical damage?
The corporation will usually pay the lesser of the sum required to repair the car or the vehicle's actual cash value (ACV).
Examine your insurance to see what's covered. Keep an eye out for exclusions and limits. For example, unless it is Original Systems installed by the automotive Manufacturer, there is typically no or restricted coverage for upgraded aftermarket audio equipment, telephones, or tires and wheels (OEM). Additional coverage for such installed equipment is generally offered for a fee.
What is the definition of actual cash value (ACV)?
Actual Cash Value - In California, actual cash value is fair market value unless otherwise specified in the policy. A potential buyer and seller who are reasonably educated about the asset are willing to pay the fair market value of an item in dollars. They must be acting in their own best interests and without excessive financial pressure.
What is an appraisal provision, exactly?
Most basic policies have an appraisal clause, which can be useful if there is a disagreement about the amount the insurance company is offering for a total loss settlement of your car. Check your insurance to see whether one is included. You can both request an assessment under this clause.
Each side chooses a qualified appraiser. After that, the appraisers choose a neutral umpire. If the appraisers are unable to reach an agreement, the disparities are presented to the umpire. Any sum that two people agree on is legally binding. The appraiser is paid by each side, and the umpire fee is split.
If you have questions or need to move forward with your personal injury claim, contact The Law Offices of Larry H. Parker at 800-333-0000 for a free legal consultation.